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If we go back a little further, we will remember that Artificial Intelligence (AI) was not as pervasive as it is today. The technology focused more on specific tasks, such as image recognition, language translation or prediction based on past data, and it had not yet fully demonstrated how it would transform practically the entire world.

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However, Generative AI has increasingly proven that it is here to stay. The technological tools in this category have marked and continue to mark the digital transformation with a capacity for innovation never seen before.

It is therefore not surprising that Grand View Research points out that this market was not only valued globally at around US$43.8 billion in 2023, but is expected to reach US$967.6 billion by 2032. This means that its Compound Annual Growth Rate (CAGR) will be almost 40%.

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Generative AI market expected to grow further in the coming years (Image: Wright Studio/Shutterstock)

Why is Generative AI so groundbreaking?

Generative AI goes far beyond simply analyzing large amounts of data, and can create a vast array of new content. Text, images, music, code, videos, you name it. The user just needs to provide the right information clearly in the prompt.

Considering this capability, and considering that we live in an increasingly digitalized world, the sky is the limit. Generating personalized content and automating complex tasks is a very promising and effective way to democratize the productive and creative process.

And for the market, what does this mean? Well, we can summarize it in just two expressions: operational efficiency and competitive advantage.

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Most leaders see financial advantages in Generative AI (Image: SomYuZu/Shutterstock)

A global study by Salesforce, for example, reveals that 8 out of 10 Brazilians (81%) report that their productivity has increased with the use of technology. Based on numbers like this, another survey, released by Accenture, shows that 76% of leaders see tools in this category as a factor that benefits increased revenue.

And these perspectives do not fit into one specific area or another. From creating personalized online courses for each student to producing more effective medicines, segments such as Business, Education, Health, Art, Entertainment and many others have the chance to completely renew themselves by incorporating Generative AI.

Another survey, this time by Bain & Company, demonstrates some of this possibility. The study reports that 85% of organizations, from different sectors and countries, place AI as one of their top 5 strategic priorities.

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Despite the advantages, Generative AI is not without its challenges (Image: SuPatMaN/Shutterstock)

Points of attention

Like all disruptive technologies, Generative AI is not without its challenges, especially when it comes to ethics. Its conscious and responsible use should be a major focus of attention for professionals, leaders and society in general, precisely to ensure that it is an ally of progress.

This includes not leaving in the background, for example, issues such as algorithmic bias, the creation of deepfakesthe manipulation of information and the potential abuse of this technological resource in the job market. Without treating these topics with the seriousness they deserve, we will not only be failing as creative minds, but also as human beings.

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Of course, trial and error will happen, after all, the era of AI, and Generative AI specifically, is a journey of discovery. However, it is up to us, as a society, to build its future in the most correct and sustainable way possible.

Creativity and innovation have the power to transform humanity, but it is essential that they are put into practice with social well-being as a basis. Let's remember this with this new and wonderful technology, which will definitely continue to change the way we think and see the world.

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